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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: jimsioi who wrote (13488)4/29/2008 8:13:36 AM
From: rubbersoul  Respond to of 29622
 
Hi Jimsioi,

<So it seems increasingly anticipated that the Fed will end its rate easing pattern with this week's action and that ought to be somewhat positive for the dollar, and consequently not very good for metals and miners, which as we know have already had a fall from grace.>

Unlike last time the Fed cut rates, goldbugs are expecting the worst and are in hunker down mode. Perhaps the sell off won't be as bad.

I've lightened up a lot on my golds and hold more energy (esp. OIL.TO). I'm hedged gold stocks through HGD.

I wonder if Big oil earnings will help oil stocks today?

bloomberg.com